Commodities - IG Client Sentiment

[MongiIG]

Oil - US Crude IG Client Sentiment: Our data shows traders are now net-short Oil - US Crude for the first time since Nov 10, 2021 when Oil - US Crude traded near 80.51.

NUMBER OF TRADERS NET-SHORT HAS INCREASED BY 6.69% FROM LAST WEEK.

SYMBOL	TRADING BIAS	NET-LONG%	NET-SHORT%	CHANGE IN LONGS	CHANGE IN SHORTS	CHANGE IN OI
Oil - US Crude	BULLISH	49.60%	50.40%	-13.33% Daily -5.80% Weekly	10.69% Daily 6.69% Weekly	-2.69% Daily 0.11% Weekly

Oil - US Crude: Retail trader data shows 49.60% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Nov 10 when Oil - US Crude traded near 80.51, price has moved 1.92% lower since then. The number of traders net-long is 13.33% lower than yesterday and 5.80% lower from last week, while the number of traders net-short is 10.69% higher than yesterday and 6.69% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Oil - US Crude prices may continue to rise.

Our data shows traders are now net-short Oil - US Crude for the first time since Nov 10, 2021 when Oil - US Crude traded near 80.51. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bullish contrarian trading bias.

Jan 6, 2022 | Research, Research Team. DailyFX

[MongiIG]

Silver IG Client Sentiment: Our data shows traders are now at their most net-long Silver since Dec 08 when Silver traded near 22.44.

NUMBER OF TRADERS NET-SHORT HAS DECREASED BY 31.87% FROM LAST WEEK.

SYMBOL	TRADING BIAS	NET-LONG%	NET-SHORT%	CHANGE IN LONGS	CHANGE IN SHORTS	CHANGE IN OI
Silver	BEARISH	96.15%	3.85%	2.72% Daily 6.67% Weekly	-17.42% Daily -31.87% Weekly	1.76% Daily 4.39% Weekly

Silver: Retail trader data shows 96.15% of traders are net-long with the ratio of traders long to short at 24.95 to 1. Our data shows traders are now at their most net-long Silver since Dec 08 when Silver traded near 22.44. The number of traders net-long is 2.72% higher than yesterday and 6.67% higher from last week, while the number of traders net-short is 17.42% lower than yesterday and 31.87% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Silver prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Silver-bearish contrarian trading bias.

Jan 6, 2022 | Research, Research Team. DailyFX